Summary
The CFAS Guide outlines the state of climate finance negotiations leading up to COP20 in Lima. It details the goal of mobilizing 100 billion USD annually by 2020, the role of the Standing Committee on Finance (SCF) in monitoring financial flows, and the operational progress of the Green Climate Fund (GCF), Adaptation Fund, and Global Environment Facility (GEF). The document emphasizes the need for predictability in funding, the balance between mitigation and adaptation, and the development of measurement, reporting, and verification (MRV) systems for climate support.
Key insights
- Developed countries are committed to mobilizing 100 billion USD per year by 2020 to support mitigation and adaptation in developing nations, with a specific call to direct a significant portion of public resources toward adaptation activities.
- The Standing Committee on Finance (SCF) is tasked with improving the consistency and coordination of climate finance, including the rationalization of fragmented forest financing and the development of a biennial assessment of climate finance flows.
- The Green Climate Fund (GCF) has established eight 'essential requirements' to begin programming and disbursement, including an accreditation framework and a results management framework, and has raised approximately 9.3 billion USD from 22 countries as of November 2014.
- The Adaptation Fund faces severe financial difficulties due to the collapse of certified emission reductions (CER) prices, with revenues dropping from 100 million USD in 2010 to 1.8 million USD in 2013, making it increasingly dependent on developed country contributions.
- The Global Environment Facility (GEF) has provided 823.950 million USD in approved adaptation projects for Least Developed Countries (LDCs), mobilizing 3.79 billion USD in co-financing, with cumulative pledges reaching 906.640 million USD.
- There is ongoing disagreement regarding whether Intended Nationally Determined Contributions (INDCs) should include financial provisions, with most developed countries favoring a limit to mitigation while some developing countries argue that financial commitments are necessary for planning national contributions.
- The Warsaw International Mechanism (WIM) on loss and damage is exploring financial instruments to address both economic and non-economic losses, though the proposal to establish a specific financial and technical fund remains controversial.
Cite the original document
- APA
- Eckstein, D., Kaloga, A., Mazounie, A., Harmeling, S., Chhetri, R., & Imelda, H. (2014). CFAS Guide. Climate and Development Knowledge Network. https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf
- Chicago
- Eckstein, David, Alpha Kaloga, Alix Mazounie, Sven Harmeling, Raju Chhetri, and Henriette Imelda. CFAS Guide. Climate and Development Knowledge Network, 2014. https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf.
- Wikipedia
- {{cite report |last1=Eckstein |first1=David |last2=Kaloga |first2=Alpha |last3=Mazounie |first3=Alix |last4=Harmeling |first4=Sven |last5=Chhetri |first5=Raju |last6=Imelda |first6=Henriette |title=CFAS Guide |publisher=Climate and Development Knowledge Network |date=November 2014 |url=https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{eckstein2014cfas, author = {Eckstein, David and Kaloga, Alpha and Mazounie, Alix and Harmeling, Sven and Chhetri, Raju and Imelda, Henriette}, title = {{CFAS Guide}}, institution = {Climate and Development Knowledge Network}, year = {2014}, month = nov, url = {https://cdkn.org/sites/default/files/files/Financement-climatique-CdP-20-de-Lima.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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